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Dynamics of changes in some economic segments (14.06- 19.06.2010)

Analysis Materials 23 June 2010 12:19 (UTC +04:00)

World oil prices ended the trading session on Friday, June 18, differently. American WTI went up amid positive trend on US stock markets and drop in dollar rate compared to euro, while Brent prices were under influence of threats of demand for oil China.

On Friday prices of WTI with deliveries in July rose by $0.39 to $77.18 per barrel at the New York Mercantile Exchange. Meanwhile, August contract on Brent Crude cheapened by $0.46 to $78.22 per barrel at InterContinental Exchange in London.

World oil and gas price review for June 18 is provided by Energy Intelligence Group.

Daily Oil & Gas Price Review

Prices for Friday, June 18, 2010

Crude Oil Futures -- Prompt Month ($/bbl)

1st

5-Day

2nd

3rd

Chg.

Month

Avg.

Month

Month

ICE Brent

-0.46

78.22

77.29

78.74

79.25

Nymex Light Sweet

+0.39

77.18

76.74

78.26

79.18

International Crudes ($/bbl)

Spot

5-Day

Month-

Year-

Cash/Spot

Chg.

Price

Avg.

Ago

Ago

Brent (Dated)

-0.47

77.39

76.46

69.31

71.90

Dubai

-0.55

75.99

75.58

70.27

68.50

Oman

-1.31

74.87

75.11

70.94

71.64

WTI (Cushing)

+0.36

77.16

76.68

68.26

72.68

Opec Basket (A)

+1.09

75.24

74.62

70.57

69.24

Minas

-1.08

89.51

88.91

74.66

81.09

Tapis

-1.08

81.08

80.62

77.46

75.21

Forties

-0.47

76.74

75.89

71.39

70.32

Oseberg

-0.47

78.89

77.60

72.41

71.62

Bonny Light

-0.47

78.59

77.20

70.86

72.12

Urals

-0.47

76.34

75.60

68.01

70.27

North American Crudes ($/bbl)

Spot

5-Day

Month-

Cash/Spot

Chg.

Price

Avg.

Ago

WTS (Midland)

+1.04

75.38

74.64

66.58

LLS (St. James)

+1.74

81.38

80.01

73.78

Mars (Clovelly)

+1.69

77.13

75.92

68.53

ANS (California)

+0.60

78.66

77.41

67.18

Maya (Mexico)

+0.58

67.51

66.47

60.76

Heating Oil/Gasoline Futures -- Prompt Month

Futures

1st

5-Day

2nd

3rd

Nymex (ў/gal.)

Chg.

Month

Avg.

Month

Month

RBOB Gasoline

-1.64

214.76

213.09

214.00

213.46

Heating Oil

-1.85

212.89

209.60

214.42

216.33

ICE (London)

Gas Oil ($/ton)

-3.25

681.00

667.15

682.25

684.75

Gas Oil (ў/gal.)

-1.03

216.19

211.79

216.59

217.38

Product Spot Markets

 US Gulf Coast‡

Spot

5-Day

Month-

Gasoline (ў/gal.)

Chg.

Price

Avg.

Ago

Regular Gasoline

-0.58

204.41

202.04

183.63

Premium Gasoline

-0.58

215.16

211.99

195.63

Regular RBOB

-0.49

212.50

209.86

189.63

Mid-Distillates (ў/gal.)

Heating/Gas Oil (B)

-1.02

208.94

205.15

185.69

Low Sulfur Gas Oil/Diesel (C)

-1.02

212.44

208.55

188.19

Jet Fuel

-1.02

214.19

210.55

190.94

Fuel Oil ($/bbl)

1% Sulfur

-0.15

69.63

68.54

66.53

3%-3.5% Sulfur

-0.10

67.78

66.55

64.50

New York‡

Spot

5-Day

Month-

Gasoline (ў/gal.)

Chg.

Price

Avg.

Ago

Regular Gasoline

-0.73

210.16

207.72

185.88

Premium Gasoline

-0.58

218.66

216.54

198.13

Regular RBOB

-0.73

216.51

213.98

195.38

Mid-Distillates (ў/gal.)

Heating/Gas Oil (B)

-0.52

212.44

208.25

187.94

Low Sulfur Gas Oil/Diesel (C)

-1.02

215.19

211.30

191.69

Jet Fuel

-1.77

217.44

215.00

194.94

Fuel Oil ($/bbl)

1% Sulfur

-0.23

69.40

68.29

66.38

3%-3.5% Sulfur

-0.15

68.38

67.01

63.28

Rotterdam ($/ton) (F)

Spot

5-Day

Month-

Gasoline

Chg.

Price

Avg.

Ago

Regular Gasoline

-6.00

720.00

714.80

672.00

Premium Gasoline

0.00

720.00

712.00

682.00

Mid-Distillates

Heating/Gas Oil (B)

-3.75

674.50

662.65

615.75

Low Sulfur Gas Oil/Diesel (C)

-4.75

687.50

675.95

640.75

Jet Fuel

-2.75

726.50

712.75

667.75

Fuel Oil

1% Sulfur

-4.00

446.00

443.00

426.00

3%-3.5% Sulfur

-6.00

420.00

420.00

409.00

 Singapore

Spot

5-Day

Month-

Light Ends

Chg.

Price

Avg.

Ago

Naphtha ($/bbl)

-0.33

74.78

73.42

74.17

Regular Gasoline ($/bbl)

-0.18

86.15

84.94

81.12

Mid-Distillates ($/bbl)

Gas Oil

+0.60

88.70

86.49

83.30

Jet/Kerosene

+0.40

89.75

87.54

83.50

Fuel Oil ($/ton)

3% Sulfur

-3.75

448.50

445.69

441.60

Mideast Gulf

Spot

5-Day

Month-

Light Ends

Chg.

Price

Avg.

Ago

Naphtha ($/mt)

-2.82

668.15

655.14

660.28

Regular Gasoline ($/bbl)

...

...

...

...

Mid-Distillates ($/bbl)

Gas Oil

+2.10

87.60

85.20

84.80

Jet/Kerosene

+2.32

87.99

85.39

84.20

Fuel Oil ($/ton)

3% Sulfur

-3.96

435.67

432.86

426.48

Natural Gas

1st

2nd

Chg.

Month

Month

US -- Henry Hub (Nymex)

$/MMBtu

-0.165

4.997

5.049

US -- Henry Hub (Cash)

$/MMBtu

+0.03

5.18

...

UK -- NBP (Cash)

p/th

-0.92

45.75

...

Produced by Oil Daily in cooperation with Reuters

Notes: All spot assessments are bid prices published by Reuters at
5.30 p.m. ET. When prior day bid prices are not available at press time,
price changes and averages are based on prior day closing spot prices.
This will occur on days when International Oil Daily does not publish,
or when market data are not available at publication time.
A--Opec basket price is for previous day. Month-ago figure is 20-day average.
B--No. 2 Heating Oil in US; 0.2% Gas Oil in Rotterdam.
C--No. 2 Low Sulfur Diesel in US; Ultra Low Sulfur Diesel in Europe.
D--Low pour.
E--High pour.
F--All Rotterdam prices are f.o.b. barge quotations.
G--day ahead.

Currency market

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, decreased by 0.0002 points or 0.02 percent. The average rate was established at 0.80372 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established June 17 and 18 (0.8038 manat to 1 U.S. dollar) and minimum June 16 (0.8036 manats to 1 U.S. dollar).

As a result of last week's exchange rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX) decreased by 0.0002 points or 0.02 percent. The average rate was fixed at 0.8038 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: June 14 and June 15-deals were not concluded and the rate remained at the level 0.8038 manats to 1 U.S. dollar, June 16 - $1.09 million with the average sustained rate of 0.8038 manats to 1 U.S. dollar, June 17 - deals were not concluded, but rate was fixed at 0.8037 to 1 U.S. dollar,  June 18 -  deals were not concluded, but rate was fixed at 0.8039 to 1 U.S. dollar

No deal was concluded with USD/AZN T+1 and T+2 due to an absence of appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN. Total amount of transactions with value date on the same day, June 16 amounted to 1.899 million euros at the exchange rate of 0.9902 manat on Instrument EUR / AZN.

Privatization shares market

Last week the price of the privatization vouchers stood at the same level, purchase was 9 manat, and sale - 10 manat. Under the President Ilham Aliyev's decree on additional measures for ensuring the use of the state privatization vouchers, the validity period of the vouchers was prolonged until Jan. 1, 2011. This decision was taken due to the fact that about 80 percent of the check is derived from the circulation.

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